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French youths suffer from Europe's third highest youth jobless rate (Photo: EUobserver)

Eurozone unemployment at five year low

Unemployment in the 12-nation euro zone is at its lowest level in nearly five years, new figures from the European Union's statistical office, Eurostat, have shown.

The euro zone jobless rate fell from 8.0 per cent of the labour force in April to 7.9 per cent in May, which is the lowest since November 2001.

The average unemployment level for all of the 25 EU countries was unchanged at 8.2 percent in May.

But big differences remain between individual countries, with Poland ha...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

French youths suffer from Europe's third highest youth jobless rate (Photo: EUobserver)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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